At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit and we understand how important timely updates are to our clients. As a member of the RSM US Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest financial reporting insights. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.

Business combinations: Clarifying the definition of a business
Our white paper provides information and examples on the new implementation guidance for the definition of a business.

Actuarial valuation: New mortality improvement scale released
On October 20, 2017, the Society of Actuaries released an updated new mortality improvement scale, Scale MP-2017.

SEC approves auditor reporting standard
On October 23, the SEC approved the Public Company Accounting Oversight Board’s new auditor reporting standard.

SEC guidance on pay ratio disclosure
The SEC has provided guidance to assist registrants in preparing their disclosures pursuant to Regulation S-K Item 402(u).

Proposed amendments to modernize and simplify Regulation S-K
The SEC recently proposed amendments to modernize and simplify Regulation S-K so as to reduce burdens on registrants.

Audit and Accounting Updates for Business Owners and Financial Professionals

Source: RSM US LLP
Used with permission as a member of the RSM US Alliance
http://rsmus.com/our-insights/newsletters/financial-reporting-insights.html

As always, we hope you enjoy this edition of our newsletter and we look forward to receiving your feedback. Should you have any questions regarding the information contained in the attached materials or our service offerings, please contact us directly.